Thanasiri Group Balance Sheet Health
Financial Health criteria checks 2/6
Thanasiri Group has a total shareholder equity of THB578.9M and total debt of THB717.0M, which brings its debt-to-equity ratio to 123.8%. Its total assets and total liabilities are THB1.4B and THB858.9M respectively. Thanasiri Group's EBIT is THB28.7M making its interest coverage ratio 2. It has cash and short-term investments of THB20.7M.
Key information
123.8%
Debt to equity ratio
฿716.99m
Debt
| Interest coverage ratio | 2x |
| Cash | ฿20.68m |
| Equity | ฿578.95m |
| Total liabilities | ฿858.89m |
| Total assets | ฿1.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THANA's short term assets (THB1.1B) exceed its short term liabilities (THB666.4M).
Long Term Liabilities: THANA's short term assets (THB1.1B) exceed its long term liabilities (THB192.5M).
Debt to Equity History and Analysis
Debt Level: THANA's net debt to equity ratio (120.3%) is considered high.
Reducing Debt: THANA's debt to equity ratio has increased from 78.3% to 123.8% over the past 5 years.
Debt Coverage: THANA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: THANA's interest payments on its debt are not well covered by EBIT (2x coverage).